Global Tool Holders Market Insights, Forecast to 2025

HTF1535400

Tool holders refer to adapters used to mount tools such as drills, cutting tools, and turning tools in machine tool equipment. In a machining operation, selecting an efficient tool holder is as crucial as selecting an appropriate cutting tool. For smooth machining operations, it is very important that the tool is properly inserted in the collet and rotates through its cutting path with minimal run-out. To ensure minimal loss of tool efficiency and to avoid any deflection from the clamping source, it is important that the collet clamps the tools effectively. Therefore, ball bearing collet nuts are used to ensure the same. Ball bearing in the collet enables an operator to run both clockwise and counter clockwise tools in the same tool holder. This type of bearing also eliminates the possibility of tool slippage during the routing process. While changing the tool: it is important to setup the tool in the correct tool changing fixture to ensure the proper securing of the tool holder. The tool holder has equal importance as the cutting tool in the overall machine tools industry ecosystem. Innovation in tool holding systems has been slower than the innovation in machines.

There are many advantages of tool holders in the global market such as low capital costs – surge in throughput without investment in new capacity, rework & concessions and less scrap – less disparity, higher process capability at first time, reduced human error - repeatable measurement and automated feedback and augmented automation – low direct labor costs and unproductive machine downtime. Additionally, new approaches and technologies towards the manufacturing of upright and reliable tool holders, which can be mounted with perfection on any machine and inserted with several tools are expected to be prominent drivers for the global tool holders market growth. Contemporary manufacturing technologies, such as additive manufacturing and CNC heavy duty machining center ease the process as well as enhance the quality of products. This, together with the manufacturing of intelligent tool holders in various designs and complex shapes, and different sizes are noteworthy achievements that are expected bolster market growth over the forecast period. Also, the market for tool holders has witnessed rapid growth due to development in the manufacturing sector in all end use industries globally.

Additionally, growth in the production and manufacturing of various end use components, which have high surface finish and good quality by the several manufacturing process will propel growth of the global tool holders market during the forecast period. The use of IoT (internet of things) for the conditions based monitoring of machine tool holders is one of the prominent trends in the global market. This trend of connected manufacturing has evolved over the past few years. Connected manufacturing uses the power of internet to link various components such as computers, machines and sensor with humans for better analysis, collection and processing of information. This trend of IoT is estimated to support the growth of smart tool holders and tools in the global market in the near future.

The Tool Holders market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Tool Holders.

This report presents the worldwide Tool Holders market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Tool Holders :

History Year: 2014 - 2018

Base Year: 2018

Estimated Year: 2019

Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Tool Holders market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.